Araven Group had a turnover of 64.9 million euros in 2022, 12.3% more than the previous year, when it reached 57.8 million. The company’s CEO, Javier de Andrés, has highlighted that the results have grown year after year in double digits in the two business lines – Horeca and Retail – since the formation of the group in 2020, with the integration of the Aragonese firm Araven and the Madrid-based OM Group.
The increase in turnover during the last financial year has been particularly significant in the Hospitality line –Araven brand-, with an increase of 19.2%. Thus, we have surpassed the levels prior to the pandemic, “with an increase in sales favoured by the reactivation of tourism”, Javier de Andrés pointed out.
The increase in Retail –Shop&Roll brand- was 9.7% and accounted for 72% of the group’s overall figures.
Foreign sales have also increased by 2%, which in 2022 exceeded 35 million euros and accounted for 54% of turnover. Araven Group is now present in 87 countries on five continents.
2.4 MILLION IN INVESTMENTS
Javier de Andrés pointed out that these results “are very positive in terms of sales, with growth in all lines of business and in all geographical areas, although profitability has been greatly affected by inflation and the instability of raw material, energy and transport prices”.
The macroeconomic context has posed problems such as the lack of material in the market at some point during the year, but Araven Group has maintained an optimal level of service to customers. It has also continued its plans for product development, innovation and sustainability as key success factors for the future, with an investment of 2.4 million euros in facilities and product research.
On the other hand, both areas have launched important new products. In addition to improvements in the catalogue items, Retail has presented the 45L basket, the trolley with fixed wheel for the American market, or the trolley with bottle holder; and Catering, stackable jugs, 3R buckets and new sauce dispensers.
PLANS FOR THE FUTURE
As keys to 2023, Javier de Andrés highlighted “innovation, sustainability and significant investment in products in both business lines to optimise results and ensure future growth”.
These strategic lines include increasing the product portfolio; expanding the international presence and improving purchasing, manufacturing and logistics processes to be more efficient and cost-competitive.
Another major challenge for 2023 is the integration of the Retail commercial network, both nationally and internationally, to take advantage of the commercial synergies between shopping transport in retail and visual merchandising, with the new Shop&Roll brand, which brings together all the solutions for shopping equipment in commercial establishments.
Finally, Araven Group’s priority goal is to make progress on the objectives of its sustainability plan, seeking the lowest environmental impact in all its activities.